Corporate Announcement August 8, 2013

Subject: Acquisition of Foreign Investor's stake by IHFL in its

subsidiary

Dear Sirs,
Indiabulls Housing Finance Ltd has purchased the entire 42.5% holding of Amaprop in its subsidiary, Indiabulls Finance Company Pvt Ltd for a total sale consideration of Rs. 260 crore. Amaprop Limited, a US private equity firm had invested in the equity capital of the Indiabulls' subsidiary under a share purchase agreement. Indiabulls Finance Company Pvt Ltd is a Non- Deposit taking NBFC, registered with and regulated by RBI. With the purchase of Amaprop's equity stake, Indiabulls Finance Co. Private Ltd is now 100% owned by Indiabulls Housing Finance Ltd.
Please take the aforesaid intimation on record. Thanking you,
Yours truly,
for Indiabulls Housing Finance Limited

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